Gearing Ratio

Finance

Quick Definition

Gearing Ratio measures the proportion of a company’s debt relative to its equity, indicating the level of financial leverage.

Detailed Explanation

The Gearing Ratio shows how much of a company’s operations are financed by borrowed funds (debt) compared to shareholders’ funds (equity).

It helps investors and lenders understand the financial risk of a company. Higher gearing means higher dependence on debt, which increases both risk and potential returns.

Common Formula

👉 Gearing Ratio = Total Debt ÷ Shareholders’ Equity

(Note: Variations may include long-term debt or total capital)

Why Gearing Ratio Matters

  • Indicates financial stability
  • Helps assess risk level
  • Used by investors and lenders

Interpretation

  • High Gearing: More debt → higher risk
  • Low Gearing: More equity → safer position

Gearing Ratio vs Debt-Equity Ratio

  • Often used interchangeably
  • Gearing may include broader definitions of debt

Example

"If a company has ₹80 crore debt and ₹100 crore equity: 👉 Gearing Ratio = 0.8"

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